Primis Financial Corp. Announces Quarterly Dividend of $0.10 (NASDAQ:FRST)

Primis Financial Corp. (NASDAQ:FRSTGet Free Report) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 8th will be paid a dividend of 0.10 per share on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th.

Primis Financial has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Primis Financial to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 22.2%.

Primis Financial Price Performance

FRST opened at $13.92 on Friday. Primis Financial has a twelve month low of $7.59 and a twelve month high of $14.55. The firm has a market cap of $344.80 million, a price-to-earnings ratio of 7.21 and a beta of 0.72. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $13.43 and a 200 day simple moving average of $12.59.

Primis Financial (NASDAQ:FRSTGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $45.56 million for the quarter, compared to analyst estimates of $43.87 million. Primis Financial had a net margin of 18.78% and a return on equity of 3.99%. Equities research analysts expect that Primis Financial will post 1.65 EPS for the current fiscal year.

Primis Financial Company Profile

(Get Free Report)

Primis Financial Corporation is a bank holding company headquartered in Waycross, Georgia, operating through its wholly owned subsidiary, Primis Bank. The company offers a full suite of commercial and retail banking services tailored to meet the needs of individuals, small businesses, and agricultural clients across its service area. Primis Bank focuses on building relationships within the communities it serves, positioning itself as a local financial partner for deposit-taking, lending, and treasury management solutions.

Primis Bank maintains a network of branch offices throughout southeastern Georgia, serving a combination of rural and suburban markets.

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Dividend History for Primis Financial (NASDAQ:FRST)

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